Answer:
1.6 years
Explanation:
If monthly expenses are 700, An emergency fund equal three times monthly expenses will be $700 x 3= $2100.
The monthly take-home is 1,100; 10 % of take-home will be savings.
=10/100 x 1100
=0.1 x 1100
=$110
very month savings will be $110
Desired savings are $2100
the time it will take to reach the desired savings
=$2100/$110
=19.09090 months
Time in years $ 19.09090/12
1.59090 years
=1.6 years
